PacSun has done a good job presenting their income statement so that it’s easy to isolate the impact of their discontinued operations. As you probably know, they’ve closed all their stores that aren’t branded as PacSun. They are now a one brand company with 938 stores. That resulted, in the quarter ended November 3, 2007, in a loss from discontinued operations, net of taxes, of $37.2 million.

According to a November 28 regulatory filing, NWQ Investment Management Co. LLC cut it's 10.87-percent stake in the Pacific Sunwear down to 6,419 shares (or 0.01-percent).

Let’s ignore the numbers for a bit and start with how Hot Topic Describes itself. They give equal billing to brick and mortar and internet retailing. That’s pretty forward looking. Guess they’ve decided how they expect the market to evolve. Read more here.

While total sales drop four percent, comps beat analyst projections of an 8.8% decline